December 2010

Video: Englund Says Quarterly GDP Data Swings Have `No Pattern’

December 22, 2010

Dec. 22 (Bloomberg) — Michael Englund, chief economist at Action Economics LLC, talks about the outlook for the U.S. economy. He speaks with Matt Miller and Emily Chang on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Read the full article →

Video: Cohen Says Ending Military Gay Ban Makes U.S. `Stronger’

December 22, 2010

Dec. 22 (Bloomberg) — William Cohen, chief executive officer of the Cohen Group and a former U.S. defense secretary, talks about legislation signed into law today by President Barack Obama lifting the ban on gays serving openly in the military. (Source: Bloomberg)

Read the full article →

Video: Cohen Says Ending Military Gay Ban Makes U.S. `Stronger’

December 22, 2010

Dec. 22 (Bloomberg) — William Cohen, chief executive officer of the Cohen Group and a former U.S. defense secretary, talks about legislation signed into law today by President Barack Obama lifting the ban on gays serving openly in the military. (Source: Bloomberg)

Read the full article →

How Merrill Lynch Traders Helped Blow Up There Own Firm

December 22, 2010

Two years before the financial crisis hit, Merrill Lynch confronted a serious problem. No one, not even the bank’s own traders, wanted to buy the supposedly safe portions of the mortgage-backed securities Merrill was creating.

Read the full article →

Video: Hickey Says Economic Recovery Is Not `Very Explosive’

December 22, 2010

Dec. 22 (Bloomberg) — Paul Hickey, co-founder of Bespoke Investment Group, talks about the outlook for the U.S. economy and stock market. Hickey speaks with Mark Crumpton on Bloomberg Television’s “Bottom Line.” (Source: Bloomberg)

Read the full article →

Robert F. Brands: Top Innovations of 2010

December 22, 2010

The end of the year is a great time to reflect on your companies innovation performance. Did you deliver your Innovation Goals, maybe the “One new Product or Service per year”? As a business leader, what are your New Year’s resolutions for your company? As you think about the future of your company and how to make your business grow, implementing sustainable Innovation should be your top priority for 2011. Innovation is the lifeblood of any company and the only way to stay ahead of the competition. Let’s take a look back at the Top Brand Innovations of 2010 : For example, probably the most Innovative company this year: Apple. April 2010 — Apple’s highly anticipated iPad launches in the U.S., selling 300,000 units that day with approximately 8 million units sold to date (CNET). June 2010 — The iPhone 4 is introduced, featuring video calling capabilities and a sleek stainless steel design. June 2010 — Apple updates its latest design of the Mini Mac. September 2010 — Apple refreshes its iPod line of MP3 players to include a multi-touch iPod Nano, an iPod Touch with FaceTime video calling and an iPod Shuffle with buttons. October 2010 — Apple introduces the new MacBook Air laptop with the iLife suite of applications and a Mac OS X Lion operating system. After over 30 years in business, Apple continues to deliver a steady stream of new and refreshed products year after year. It’s easy to see why competitors have to be on top of their game to compete with Apple in the consumer electronics market. It’s Innovate or Perish. Innovation is key in delivering profitable growth. Looking to start consider looking into Robert’s Rules of Innovation, industry veteran Robert Brands gives the imperatives for how to create and sustain Innovation. With over 25 years of experience in creating innovative, breakthrough products at Kohler Company, Sylvania, Philips Lighting and Airspray, Robert Brands shares real life examples of what makes New Product Development teams succeed while others fail. Don’t get left behind in the New Year; make sure your company has the roadmap to successful innovation implementation. Happy New Year and a Prosperous and Innovative 2011!

Read the full article →

MagneGas Restructures Leadership Team to Maximize Fuel Sales Potential

December 22, 2010

Richard Connelly to Apply Fuel Expertise to Field Sales; New Interim President Appointed

Read the full article →

Video: Liew Says Lightspeed Sees Opportunity in E-Commerce

December 22, 2010

Dec. 22 (Bloomberg) — Jeremy Liew, managing director for venture capital firm Lightspeed Venture Partners, talks about the outlook for online shopping. Liew speaks with Lisa Murphy on Bloomberg Television’s “Fast Forward.” (Source: Bloomberg)

Read the full article →

Video: Liew Says Lightspeed Sees Opportunity in E-Commerce

December 22, 2010

Dec. 22 (Bloomberg) — Jeremy Liew, managing director for venture capital firm Lightspeed Venture Partners, talks about the outlook for online shopping. Liew speaks with Lisa Murphy on Bloomberg Television’s “Fast Forward.” (Source: Bloomberg)

Read the full article →

Rebecca Solnit: Iceberg Economies and Shadow Selves: Further Adventures in the Territories of Hope

December 22, 2010

Crossposted with TomDispatch.com . After the Macondo well exploded in the Gulf of Mexico, it was easy enough (on your choice of screen) to see a flaming oil platform, the very sea itself set afire with huge plumes of black smoke rising, and the dark smear of what would become five million barrels of oil beginning to soak birds and beaches. Infinitely harder to see and less dramatic was the vast counterforce soon at work: the mobilizing of tens of thousands of volunteers, including passionate locals from fishermen in the Louisiana Oystermen’s Association to an outraged tattoo-artist-turned-organizer, from visiting scientists, activist groups, and Catholic Charities reaching out to Vietnamese fishing families to the journalist and oil-policy expert Antonia Juhasz, and Rosina Philippe of the Atakapa-Ishak tribe in Grand Bayou.

Read the full article →

The Cities Where Its Better To Buy Vs. Rent

December 22, 2010

Below is an updated list of rent ratios — the price of a typical home divided by the annual cost of renting that home — for 55 metropolitan areas across the country. We last covered this subject about eight months ago, and you’ll notice that most ratios have not changed much since then.

Read the full article →

Richard (RJ) Eskow: The GOP and the Banks: Cutting the Garlic Budget as the Vampires Attack

December 22, 2010

Van Helsing: “The strength of the vampire is that nobody will believe in him.” America’s debt to Wall Street has soared since 1945 — and although the banks were rescued at the public’s expense, the public’s been left holding the bag for the recent drop in housing prices: Hmm… How many times has the word “vampire” appeared in books during the same period [1]? What does this mean? Does it reflect the public’s subconscious response to predatory banking? Or is it just some guy having nerdy fun with data sets by juxtaposing two trend lines that have nothing to do with one another? We report, you decide. Here’s what we do know: Like their fictional counterparts, America’s banks are revenants, re-animated creatures who were brought back from the dead through the public’s generosity. Now they’re feasting on the rest of us again, while politicians in Washington work to rob us of the few tools we can use to defend ourselves. With some Democratic complicity, Republicans are fulfilling the promise of Rep. Spencer Bachus, who said that “Washington and the regulators are there to serve the banks .” And what they’re serving them is you . The Count: “Listen to them! The creatures of the night. What music they make… ” The rap sheet against America’s banks grows longer and longer. They keep stringing people along with phony foreclosure negotiations, and then foreclose anyway. And we’re hearing more and more stories about bank agents who, as they’re invading and padlocking illegally foreclosed homes, also steal the private property inside them. In

Read the full article →

Richard (RJ) Eskow: The GOP and the Banks: Cutting the Garlic Budget as the Vampires Attack

December 22, 2010

Van Helsing: “The strength of the vampire is that nobody will believe in him.” America’s debt to Wall Street has soared since 1945 — and although the banks were rescued at the public’s expense, the public’s been left holding the bag for the recent drop in housing prices: Hmm… How many times has the word “vampire” appeared in books during the same period [1]? What does this mean? Does it reflect the public’s subconscious response to predatory banking? Or is it just some guy having nerdy fun with data sets by juxtaposing two trend lines that have nothing to do with one another? We report, you decide. Here’s what we do know: Like their fictional counterparts, America’s banks are revenants, re-animated creatures who were brought back from the dead through the public’s generosity. Now they’re feasting on the rest of us again, while politicians in Washington work to rob us of the few tools we can use to defend ourselves. With some Democratic complicity, Republicans are fulfilling the promise of Rep. Spencer Bachus, who said that “Washington and the regulators are there to serve the banks .” And what they’re serving them is you . The Count: “Listen to them! The creatures of the night. What music they make… ” The rap sheet against America’s banks grows longer and longer. They keep stringing people along with phony foreclosure negotiations, and then foreclose anyway. And we’re hearing more and more stories about bank agents who, as they’re invading and padlocking illegally foreclosed homes, also steal the private property inside them. In

Read the full article →

Dave Johnson: Blaming the Economy’s Victims for Economic Crimes

December 22, 2010

This post originally appeared at Campaign for America’s Future (CAF) at their Blog for OurFuture . I am a Fellow with CAF Blame the unions, blame the unemployed, blame loans to the poor, blame the government. As income and wealth increasingly go to a few at the top, public anger is directed at the economy’s victims. I am in a clinic all day participating in a medical study, so I was talking to one of the nurses. She brought up that California is in real trouble, is going broke, it’s a real mess. She says she doesn’t know what we’re going to do. She has heard that, “lots of states are going bankrupt. There is no money anymore.” So I asked her what we should do about it. She said it is because of the unions. “It’s just ridiculous. They want so much.” I asked if she follows the news closely, she said she does. “I watch the news a lot.” Some facts: California is famous for leading the country in a wave of anti-government tax-cutting and into Reaganism . We cut taxes an an anti-government ferver and increased prison spending in a law-and-order fever. Then the federal government cut taxes and increased military spending, leading to big deficits. Now we’re out of money to run the state government and the country is getting there, too. California’s problems have little or nothing to do with what state employees are paid, and a lot to do with tax cuts and people across the state not getting paid enough. Blaming The Unions This weekend CBS’ 60 Minutes joined the anti-worker chorus, blaming public employee unions for the problems faced by the states. Media Matters, in 60 Minutes’ one-sided, GOP-friendly report on state budgets describes the segment, In 2,600 words about state deficits, you won’t find the phrase “tax cuts.” Instead, CBS adopts the Republican framing that deficits are all about spending — frequently with loaded phrasing like “gold-plated retirement and health care packages.” And throughout the report, CBS allows Christie, New Jersey’s Republican governor, to launch attacks on unions and make unsupported claims about budget problems, all without ever challenging his assertions and without including substantive disagreement from Christie critics. … You’d never know from CBS’ report that a big part of the reason that “Christie and his predecessors” failed to make required contributions to the pension fund is that they decided to use the money for tax cuts instead. [emphasis added] Mike Hall at the AFL-CIO blog explains that New Jersey’s workers and pensions are not the problem, While politicians like Christie rail against the pensions public employees have secured through collective bargaining–painting them as overly generous golden parachutes, McEntee notes the average annual pension for an AFSCME member is $19,000, and the workers contribute 80 percent during their lifetime on the job. Tax cuts, income and wealth going to a few at the top, but the unions take the blame because they fight for a better life for working people. Blaming The Unemployed The unemployed and the checks they get are often blamed for their plight. They are called “lazy,” and it is even suggested the be tested for drugs . CAF graduate David Sirota, in Why the ‘Lazy Jobless’ Myth Persists The thesis undergirding all the rhetoric was summed up by conservative commentator Ben Stein, who insisted that “the people who have been laid off and cannot find work are generally people with poor work habits and poor personalities.” [. . .] The trouble, though, is that the whole narrative averts our focus from the job-killing trade, tax-cut and budget policies that are really responsible for destroying the economy. And this narrative, mind you, is not some run-of-the-mill distraction. The myth of the lazy unemployed is what duck-and-cover exercises and backyard nuclear shelters were to a past era–an alluring palliative that manufactures false comfort in the face of unthinkable disaster. Blaming The Poor And Government Republicans on the Financial Crisis Inquiry Commission are sabotaging the commission’s work, demanding that “Wall Street” and “deregulation” not appear anywhere in the report. They are refusing to participate , instead releasing a counter-report blaming the government, claiming We, the People forced the giant banks to give home loans to the poor , and blaming the poor for receiving those loans. What People Think People tend to think about what is put in front of them to think about. That’s why everyone goes to see a new movie on the first weekend instead of waiting until they can get good seats with no lines. Wall Street and the likes of the Chamber of Commerce understand this so they put scapegoats in front of the public to mask what they are doing. Right now there is a corporate/right campaign to blame working people for the problems they caused. Like 60 Minutes this weekend, the news sources are run by big corporations, and they have been saying over and over (and over and over) that unions and the unemployed and the poor and the government are the cause of the problems. (When was the last time you saw a union representative on TV, explaining the benefits of joining a union ?) And, naturally, after hearing these things over and over (and over and over), viewers like the nurse at the clinic I am in think they should blame the unions, the unemployed, the poor, the government, too. So much of the income and wealth are concentrating at the top. Taxes have been cut so far. The things our government does for us have been cut back so far. Working people’s wages have been stagnant for so long. But the blame right now is directed at the unions, the poor, the unemployed and our government: We, the People. As the AFL-CIO blog concludes , The long term solution to state and local fiscal challenges … is “a robust economy, one that is creating jobs and replenishing tax revenue.” To repeat: The long term solution to state and local fiscal challenges… is “a robust economy, one that is creating jobs and replenishing tax revenue.” Sign up here for the CAF daily summary .

Read the full article →

Dave Johnson: Blaming the Economy’s Victims for Economic Crimes

December 22, 2010

This post originally appeared at Campaign for America’s Future (CAF) at their Blog for OurFuture . I am a Fellow with CAF Blame the unions, blame the unemployed, blame loans to the poor, blame the government. As income and wealth increasingly go to a few at the top, public anger is directed at the economy’s victims. I am in a clinic all day participating in a medical study, so I was talking to one of the nurses. She brought up that California is in real trouble, is going broke, it’s a real mess. She says she doesn’t know what we’re going to do. She has heard that, “lots of states are going bankrupt. There is no money anymore.” So I asked her what we should do about it. She said it is because of the unions. “It’s just ridiculous. They want so much.” I asked if she follows the news closely, she said she does. “I watch the news a lot.” Some facts: California is famous for leading the country in a wave of anti-government tax-cutting and into Reaganism . We cut taxes an an anti-government ferver and increased prison spending in a law-and-order fever. Then the federal government cut taxes and increased military spending, leading to big deficits. Now we’re out of money to run the state government and the country is getting there, too. California’s problems have little or nothing to do with what state employees are paid, and a lot to do with tax cuts and people across the state not getting paid enough. Blaming The Unions This weekend CBS’ 60 Minutes joined the anti-worker chorus, blaming public employee unions for the problems faced by the states. Media Matters, in 60 Minutes’ one-sided, GOP-friendly report on state budgets describes the segment, In 2,600 words about state deficits, you won’t find the phrase “tax cuts.” Instead, CBS adopts the Republican framing that deficits are all about spending — frequently with loaded phrasing like “gold-plated retirement and health care packages.” And throughout the report, CBS allows Christie, New Jersey’s Republican governor, to launch attacks on unions and make unsupported claims about budget problems, all without ever challenging his assertions and without including substantive disagreement from Christie critics. … You’d never know from CBS’ report that a big part of the reason that “Christie and his predecessors” failed to make required contributions to the pension fund is that they decided to use the money for tax cuts instead. [emphasis added] Mike Hall at the AFL-CIO blog explains that New Jersey’s workers and pensions are not the problem, While politicians like Christie rail against the pensions public employees have secured through collective bargaining–painting them as overly generous golden parachutes, McEntee notes the average annual pension for an AFSCME member is $19,000, and the workers contribute 80 percent during their lifetime on the job. Tax cuts, income and wealth going to a few at the top, but the unions take the blame because they fight for a better life for working people. Blaming The Unemployed The unemployed and the checks they get are often blamed for their plight. They are called “lazy,” and it is even suggested the be tested for drugs . CAF graduate David Sirota, in Why the ‘Lazy Jobless’ Myth Persists The thesis undergirding all the rhetoric was summed up by conservative commentator Ben Stein, who insisted that “the people who have been laid off and cannot find work are generally people with poor work habits and poor personalities.” [. . .] The trouble, though, is that the whole narrative averts our focus from the job-killing trade, tax-cut and budget policies that are really responsible for destroying the economy. And this narrative, mind you, is not some run-of-the-mill distraction. The myth of the lazy unemployed is what duck-and-cover exercises and backyard nuclear shelters were to a past era–an alluring palliative that manufactures false comfort in the face of unthinkable disaster. Blaming The Poor And Government Republicans on the Financial Crisis Inquiry Commission are sabotaging the commission’s work, demanding that “Wall Street” and “deregulation” not appear anywhere in the report. They are refusing to participate , instead releasing a counter-report blaming the government, claiming We, the People forced the giant banks to give home loans to the poor , and blaming the poor for receiving those loans. What People Think People tend to think about what is put in front of them to think about. That’s why everyone goes to see a new movie on the first weekend instead of waiting until they can get good seats with no lines. Wall Street and the likes of the Chamber of Commerce understand this so they put scapegoats in front of the public to mask what they are doing. Right now there is a corporate/right campaign to blame working people for the problems they caused. Like 60 Minutes this weekend, the news sources are run by big corporations, and they have been saying over and over (and over and over) that unions and the unemployed and the poor and the government are the cause of the problems. (When was the last time you saw a union representative on TV, explaining the benefits of joining a union ?) And, naturally, after hearing these things over and over (and over and over), viewers like the nurse at the clinic I am in think they should blame the unions, the unemployed, the poor, the government, too. So much of the income and wealth are concentrating at the top. Taxes have been cut so far. The things our government does for us have been cut back so far. Working people’s wages have been stagnant for so long. But the blame right now is directed at the unions, the poor, the unemployed and our government: We, the People. As the AFL-CIO blog concludes , The long term solution to state and local fiscal challenges … is “a robust economy, one that is creating jobs and replenishing tax revenue.” To repeat: The long term solution to state and local fiscal challenges… is “a robust economy, one that is creating jobs and replenishing tax revenue.” Sign up here for the CAF daily summary .

Read the full article →

Video: Winkler Says Bloomberg Sues ECB Over Swaps Disclosure

December 22, 2010

Dec. 22 (Bloomberg) — Matthew Winkler, editor-in-chief of Bloomberg News, discusses the news agency’s lawsuit against the European Central Bank. The lawsuit, filed by Bloomberg Finance LP, the parent of Bloomberg News, asks the European Union’s General Court in Luxembourg to overturn a decision by the ECB not to disclose documents that show how Greece used derivatives to hide its fiscal deficit. Winkler speaks with Lisa Murphy on Bloomberg Television’s “Fast Forward.” (Source: Bloomberg)

Read the full article →

Video: Winkler Says Bloomberg Sues ECB Over Swaps Disclosure

December 22, 2010

Dec. 22 (Bloomberg) — Matthew Winkler, editor-in-chief of Bloomberg News, discusses the news agency’s lawsuit against the European Central Bank. The lawsuit, filed by Bloomberg Finance LP, the parent of Bloomberg News, asks the European Union’s General Court in Luxembourg to overturn a decision by the ECB not to disclose documents that show how Greece used derivatives to hide its fiscal deficit. Winkler speaks with Lisa Murphy on Bloomberg Television’s “Fast Forward.” (Source: Bloomberg)

Read the full article →

Video: U.S. Files WTO Case Against China Over Wind-Power Aid

December 22, 2010

Dec. 22 (Bloomberg) –The Obama administration filed a complaint at the World Trade Organization over support China provides its wind-energy manufacturers, acting on a petition brought by the United Steelworkers union. Bloomberg’s Megan Hughes reports. (Source: Bloomberg)

Read the full article →

Federal Government Interior Design Specialist Tony Maher Rejoins SmithGroup in Washington

December 22, 2010

WASHINGTON, DC–(Marketwire – December 22, 2010) –  Tony Maher, AIA, LEED AP, has rejoined SmithGroup in Washington, D.C., bolstering the firm’s national Federal interiors portfolio and strengthening the Workplace Studio in Washington. He rejoins SmithGroup from RTKL where he served as Principal.

Read the full article →

Democrats Push New Foreclosure Rules

December 22, 2010

Several key House Democrats are circulating a letter urging support for new regulations that would crack down on what critics say are rampant foreclosure abuses in the nation’s banking system. The letter, authored by Rep. Brad Miller (D-N.C.) encourages federal banking regulators to rein in practices at bank divisions called “mortgage servicers.” Servicers are responsible for collecting and processing payments, charging late fees, negotiating with troubled borrowers and implementing the foreclosure process. Servicers have been criticized for committing widespread fraud in recent months, charging improper fees and incorrectly evicting borrowers. The three House Democrats have already signed the letter, including House Financial Services Committee Chairman Barney Frank (D-Mass.), House Judiciary Committee Chairman John Conyers (D-Mich.), Rep. Maxine Waters (D-Calif.), Rep. Keith Ellison (D-Minn.) and Rep. Laura Richardson (D-Calif.). The letter from lawmakers comes one day after more than fifty economists, consumer advocates and banking experts urged regulators to take action on mortgage servicers. Federal Regulators are currently divided over whether or not to use new powers to regulate mortgage securities granted by this year’s Wall Street reform bill to crack down on servicing abuses. The FDIC wants to take the opportunity to rein in servicers, but the Federal Reserve and the Office of the Comptroller of the Currency are resisting the new rules, although spokespeople for both agency say they support stronger standards for mortgage servicing. Miller’s letter explicitly references Tuesday’s letter from experts and activists, and urges any new rules require servicers to undergo foreclosure prevention efforts where they are economically feasible. “The . . . letter makes sensible recommendations regarding the treatment of payments by homeowners, ‘perverse incentives’ in servicer compensation, mortgage documentation, and foreclosure forbearance during mortgage modification efforts,” Miller’s letter reads. “We especially urge that any exception require that servicers modify mortgages pursuant to established criteria to avoid foreclosure where possible.” About half of all mortgages serviced in the United States are handled by just four companies: Bank of America, JPMorgan Chase, Wells Fargo and Citigroup. Some of the anti-foreclosure activists who sent the letter to regulators on Tuesday have also started a new website, www.stopservicerscams.com where individuals can sign a petition supporting new foreclosure regulations. The full text of the Miller letter is available here (.pdf). The letter from economists and activists is available here (.pdf).

Read the full article →

Democrats Push New Foreclosure Rules

December 22, 2010

Several key House Democrats are circulating a letter urging support for new regulations that would crack down on what critics say are rampant foreclosure abuses in the nation’s banking system. The letter, authored by Rep. Brad Miller (D-N.C.) encourages federal banking regulators to rein in practices at bank divisions called “mortgage servicers.” Servicers are responsible for collecting and processing payments, charging late fees, negotiating with troubled borrowers and implementing the foreclosure process. Servicers have been criticized for committing widespread fraud in recent months, charging improper fees and incorrectly evicting borrowers. The three House Democrats have already signed the letter, including House Financial Services Committee Chairman Barney Frank (D-Mass.), House Judiciary Committee Chairman John Conyers (D-Mich.), Rep. Maxine Waters (D-Calif.), Rep. Keith Ellison (D-Minn.) and Rep. Laura Richardson (D-Calif.). The letter from lawmakers comes one day after more than fifty economists, consumer advocates and banking experts urged regulators to take action on mortgage servicers. Federal Regulators are currently divided over whether or not to use new powers to regulate mortgage securities granted by this year’s Wall Street reform bill to crack down on servicing abuses. The FDIC wants to take the opportunity to rein in servicers, but the Federal Reserve and the Office of the Comptroller of the Currency are resisting the new rules, although spokespeople for both agency say they support stronger standards for mortgage servicing. Miller’s letter explicitly references Tuesday’s letter from experts and activists, and urges any new rules require servicers to undergo foreclosure prevention efforts where they are economically feasible. “The . . . letter makes sensible recommendations regarding the treatment of payments by homeowners, ‘perverse incentives’ in servicer compensation, mortgage documentation, and foreclosure forbearance during mortgage modification efforts,” Miller’s letter reads. “We especially urge that any exception require that servicers modify mortgages pursuant to established criteria to avoid foreclosure where possible.” About half of all mortgages serviced in the United States are handled by just four companies: Bank of America, JPMorgan Chase, Wells Fargo and Citigroup. Some of the anti-foreclosure activists who sent the letter to regulators on Tuesday have also started a new website, www.stopservicerscams.com where individuals can sign a petition supporting new foreclosure regulations. The full text of the Miller letter is available here (.pdf). The letter from economists and activists is available here (.pdf).

Read the full article →

Judah Schiller: 5 Must-Dos to Engage Your Employees in 2011

December 22, 2010

Forget about rabbits. 2011 is officially the Year of the Human. The daily news may be filled with stories about scarcity — we’re seemingly running out of everything from natural resources to patience to [fill-in-the-blank here]. But the one thing we are definitely not running out of, at least not any time soon, is feeling, thinking people. Yet, many companies are still missing the boat when it comes to getting their people to show up at work with their hearts, minds and bodies present. Most employees view work only as a means to an end–a way for them to collect a paycheck and receive health benefits. Part of the problem is that companies consistently fail to make a strong connection between their own “big picture” and its relevance to their employees. They continue to talk at rather than with their workers, dictating what’s good for them, rather than making an effort to understand their wants and needs. It’s no wonder that these are the same companies that continue to battle against low morale, high turnover and flagging productivity. According to Human Resources Magazine, employee disengagement is estimated to cost the U.S. economy as much as 350 billion dollars every year. Choosing to tap into employees’ full potential, or not, can ultimately mean the difference between the success or failure of your business. Employee engagement is often lumped in with those things we know we should be better about doing, but often aren’t (flossing and cleaning out the refrigerator come to mind), and is still something that is sorely lacking in the world’s greatest companies. But unlike flossing and cleaning out the fridge, engagement can be fun, interactive, and can result in amazing returns for your business and the people who are the lifeblood of your organization. Here are 5 “must-dos” to effectively engage your employees in 2011: 1) Ask and you shall receive: The New Year is here, and it’s not business as usual. Instead of trying to “solve problems by using the same kind of thinking that created them,” look to your employees to help define your corporate challenges and, in turn, devise innovative solutions to address them. One dynamic way to do this is to create an internal design team that includes people from of all levels of your company. Commit to taking regular “pulse surveys” to find out what your people are thinking about, worrying about and dreaming about, rather than resorting to the ho-hum annual survey. How do they like to work? What makes them happy? What gets them excited? Taking the first step to simply listen will begin to foster trust and deepen your connection with your employees. 2) Find the fun: They don’t call it work for nothing, but all work and no play makes for an unproductive and bored-out-of-their-minds bunch of employees. Fun should be a consistent and easily accessible part of your office environment. Many innovative ways to connect already exist in the outside world. It’s time to start welcoming more of these tools inside the walls of your company. Targeted social media and gaming sites like SVNGR.com and Seriosity.com can help keep your employees accountable and anchored to your mission, each other and their own personal incentives. 3) Use social good as a Trojan horse for engagement: Connecting the dots between engagement and social responsibility is no longer the “wave of the future.” It’s what companies need to be doing now to get ahead. Aligning your employees around a common cause that transcends generational divides, gender and ethnicity is a sure-fire way to spark a sense of purpose and belonging. When your employees feel educated, inspired and empowered around the company’s commitment to social responsibility, sustainability and citizenship, the real magic starts to happen. This kind of “good work” is also what the next generation of employees is adamantly expecting from their employers. 4) Inspire viral and grassroots learning: It might be hard to believe, but in the next four years, Millennials will make up more than half of our country’s workforce. This super-digitalized generation is already accustomed to being engaged virally and through social media. Offering online mentoring and learning opportunities, as well as easy and entertaining ways to collaborate and share ideas, such as through Spigit.com , Slideshare.com and Twiddla.com , enables your employees to dictate what’s most important to them and spur companywide participation. A little healthy “collabotition” in the workplace goes a long way to igniting ambition and inspiring innovation. 5) Create a company of micro-philanthropists: It’s likely that your company already donates money to various causes. Why not ask your employees to get involved, rather than dryly recounting the company’s actions during the next all-staff meeting? Sites like Donorschoose.org , Mobilegiving.org , Changenet.org and Causecast.org all allow individuals to make small donations to the organization of their choice. Make giving an integral and personal part of your company culture by allowing each of your employees to choose a specific non-profit recipient and track the impact of their donation. Whether you are already engaging your employees in one or some of these areas, the most important thing to keep in mind as we head into the Year of the Human is to start viewing “work” through more holistic eyes. Engagement is a two-way street and, to be successful, it requires commitment, enthusiasm and consistency — all things that tend to be in greater supply at the fresh start of a New Year.

Read the full article →

Judah Schiller: 5 Must-Dos to Engage Your Employees in 2011

December 22, 2010

Forget about rabbits. 2011 is officially the Year of the Human. The daily news may be filled with stories about scarcity — we’re seemingly running out of everything from natural resources to patience to [fill-in-the-blank here]. But the one thing we are definitely not running out of, at least not any time soon, is feeling, thinking people. Yet, many companies are still missing the boat when it comes to getting their people to show up at work with their hearts, minds and bodies present. Most employees view work only as a means to an end–a way for them to collect a paycheck and receive health benefits. Part of the problem is that companies consistently fail to make a strong connection between their own “big picture” and its relevance to their employees. They continue to talk at rather than with their workers, dictating what’s good for them, rather than making an effort to understand their wants and needs. It’s no wonder that these are the same companies that continue to battle against low morale, high turnover and flagging productivity. According to Human Resources Magazine, employee disengagement is estimated to cost the U.S. economy as much as 350 billion dollars every year. Choosing to tap into employees’ full potential, or not, can ultimately mean the difference between the success or failure of your business. Employee engagement is often lumped in with those things we know we should be better about doing, but often aren’t (flossing and cleaning out the refrigerator come to mind), and is still something that is sorely lacking in the world’s greatest companies. But unlike flossing and cleaning out the fridge, engagement can be fun, interactive, and can result in amazing returns for your business and the people who are the lifeblood of your organization. Here are 5 “must-dos” to effectively engage your employees in 2011: 1) Ask and you shall receive: The New Year is here, and it’s not business as usual. Instead of trying to “solve problems by using the same kind of thinking that created them,” look to your employees to help define your corporate challenges and, in turn, devise innovative solutions to address them. One dynamic way to do this is to create an internal design team that includes people from of all levels of your company. Commit to taking regular “pulse surveys” to find out what your people are thinking about, worrying about and dreaming about, rather than resorting to the ho-hum annual survey. How do they like to work? What makes them happy? What gets them excited? Taking the first step to simply listen will begin to foster trust and deepen your connection with your employees. 2) Find the fun: They don’t call it work for nothing, but all work and no play makes for an unproductive and bored-out-of-their-minds bunch of employees. Fun should be a consistent and easily accessible part of your office environment. Many innovative ways to connect already exist in the outside world. It’s time to start welcoming more of these tools inside the walls of your company. Targeted social media and gaming sites like SVNGR.com and Seriosity.com can help keep your employees accountable and anchored to your mission, each other and their own personal incentives. 3) Use social good as a Trojan horse for engagement: Connecting the dots between engagement and social responsibility is no longer the “wave of the future.” It’s what companies need to be doing now to get ahead. Aligning your employees around a common cause that transcends generational divides, gender and ethnicity is a sure-fire way to spark a sense of purpose and belonging. When your employees feel educated, inspired and empowered around the company’s commitment to social responsibility, sustainability and citizenship, the real magic starts to happen. This kind of “good work” is also what the next generation of employees is adamantly expecting from their employers. 4) Inspire viral and grassroots learning: It might be hard to believe, but in the next four years, Millennials will make up more than half of our country’s workforce. This super-digitalized generation is already accustomed to being engaged virally and through social media. Offering online mentoring and learning opportunities, as well as easy and entertaining ways to collaborate and share ideas, such as through Spigit.com , Slideshare.com and Twiddla.com , enables your employees to dictate what’s most important to them and spur companywide participation. A little healthy “collabotition” in the workplace goes a long way to igniting ambition and inspiring innovation. 5) Create a company of micro-philanthropists: It’s likely that your company already donates money to various causes. Why not ask your employees to get involved, rather than dryly recounting the company’s actions during the next all-staff meeting? Sites like Donorschoose.org , Mobilegiving.org , Changenet.org and Causecast.org all allow individuals to make small donations to the organization of their choice. Make giving an integral and personal part of your company culture by allowing each of your employees to choose a specific non-profit recipient and track the impact of their donation. Whether you are already engaging your employees in one or some of these areas, the most important thing to keep in mind as we head into the Year of the Human is to start viewing “work” through more holistic eyes. Engagement is a two-way street and, to be successful, it requires commitment, enthusiasm and consistency — all things that tend to be in greater supply at the fresh start of a New Year.

Read the full article →

Tax Cuts Raise Expectations For Economy In 2011

December 22, 2010

WASHINGTON — Expectations for economic growth next year are turning more optimistic now that Americans will have a little more cash in their pockets. A cut in workers’ Social Security taxes and rising consumer spending have led economists to predict a strong start for 2011. Still, most people won’t feel much better until employers ramp up hiring and people buy more homes. Analysts are predicting economic growth next year will come in next year close to 4 percent. It would mark an improvement from the 2.8 percent growth expected for this year and would be the strongest showing since 2000. “Looking ahead, circumstances are ripe for the economy to develop additional traction,” said Joshua Shapiro, chief U.S. economist at MFR Inc. in New York. He is estimating growth for 2011 to be above 3.5 percent. The economy grew at a moderate pace last summer, reflecting stronger spending by businesses to replenish stockpiles, the Commerce Department reported Wednesday. Gross domestic product increased at a 2.6 percent annual rate in the July-September quarter. That’s up from the 2.5 percent pace estimated a month ago. While businesses spent more to build inventories, consumers spent a bit less. Many analysts predict the economy strengthened in the October-December quarter. They think the economy is growing at a 3.5 percent pace or better mainly because consumers are spending more freely again. Still, the housing market remains a drag on the slowly improving economy. The National Association of Realtors reported Wednesday that more people bought previously owned homes rose in November. The sales pace rose 5.6 percent to a seasonally adjusted annual rate of 4.68 million units. Even with the gain, sales are still well below what analysts consider a healthy pace. Even if analysts are right about 2011 being a better year for the economy, growth still wouldn’t be strong enough to dramatically lower the 9.8 percent unemployment rate. By some estimates, the economy would need to grow by 5 percent for a full year to push down the unemployment rate by a full percentage point. Even with growth at around 4 percent, as many analysts predict, the unemployment rate is still expected to hover around 9 percent. The third-quarter’s performance marks an improvement from the feeble 1.7 percent growth logged in the April-June quarter. The economy’s growth slowed sharply then. Fears about the European debt crisis roiled Wall Street and prompted businesses to limit their spending. “It sure looks like the `soft patch’ is over,” said Nariman Behravesh, chief economist at IHS Global Insight. In the third quarter, greater spending by businesses on replenishing their stocks was the main factor behind the slight upward revision to GDP. Consumers boosted their spending at a 2.4 percent pace. That was down from a 2.8 percent growth rate previously estimated. Even so, consumers increased their spending at the fastest pace in four years. The slight downward revision reflected less spending on health care and financial services than previously estimated. More recent reports from retailers, however, show that shoppers are spending at a greater rate in the final months of the year. Companies are discounting merchandise to lure shoppers. A price gauge tied to the GDP report showed that prices – excluding food and energy – rose at a 0.5 percent pace in the third quarter, the slowest quarterly pace on records going back to 1959. Americans have more reasons to be confident. Stock prices are rising, helping Americans regain vast losses in wealth suffered during the recession. Job insecurity remains a problem, but the hiring market is slowly improving. And loans aren’t as difficult to obtain for those with solid credit histories. Even with the improvements, though, consumers are showing some restraint. In the past, lavish spending by consumers propelled the economy to grow at a rapid pace. After the 1981-1982 recession, the economy expanded at a 9.3 percent clip. Consumers increased their spending at an 8.2 percent pace. Consumers have yet to display that level of confidence in the economy. While hiring is improving, employers still aren’t adding enough jobs to lower the unemployment rate. Even with stronger economic growth anticipated for next year, analysts predict it will still take until near the end of this decade to drop unemployment back down to a more normal 5.5 percent to 6 percent level. The government’s estimate of GDP in the July-September quarter was its third and final one. The government makes a total of three estimates for any given quarter. Each new reading is based on more complete information. GDP measures the value of all goods and services – from machinery to manicures – produced within the United States.

Read the full article →

Tax Cuts Raise Expectations For Economy In 2011

December 22, 2010

WASHINGTON — Expectations for economic growth next year are turning more optimistic now that Americans will have a little more cash in their pockets. A cut in workers’ Social Security taxes and rising consumer spending have led economists to predict a strong start for 2011. Still, most people won’t feel much better until employers ramp up hiring and people buy more homes. Analysts are predicting economic growth next year will come in next year close to 4 percent. It would mark an improvement from the 2.8 percent growth expected for this year and would be the strongest showing since 2000. “Looking ahead, circumstances are ripe for the economy to develop additional traction,” said Joshua Shapiro, chief U.S. economist at MFR Inc. in New York. He is estimating growth for 2011 to be above 3.5 percent. The economy grew at a moderate pace last summer, reflecting stronger spending by businesses to replenish stockpiles, the Commerce Department reported Wednesday. Gross domestic product increased at a 2.6 percent annual rate in the July-September quarter. That’s up from the 2.5 percent pace estimated a month ago. While businesses spent more to build inventories, consumers spent a bit less. Many analysts predict the economy strengthened in the October-December quarter. They think the economy is growing at a 3.5 percent pace or better mainly because consumers are spending more freely again. Still, the housing market remains a drag on the slowly improving economy. The National Association of Realtors reported Wednesday that more people bought previously owned homes rose in November. The sales pace rose 5.6 percent to a seasonally adjusted annual rate of 4.68 million units. Even with the gain, sales are still well below what analysts consider a healthy pace. Even if analysts are right about 2011 being a better year for the economy, growth still wouldn’t be strong enough to dramatically lower the 9.8 percent unemployment rate. By some estimates, the economy would need to grow by 5 percent for a full year to push down the unemployment rate by a full percentage point. Even with growth at around 4 percent, as many analysts predict, the unemployment rate is still expected to hover around 9 percent. The third-quarter’s performance marks an improvement from the feeble 1.7 percent growth logged in the April-June quarter. The economy’s growth slowed sharply then. Fears about the European debt crisis roiled Wall Street and prompted businesses to limit their spending. “It sure looks like the `soft patch’ is over,” said Nariman Behravesh, chief economist at IHS Global Insight. In the third quarter, greater spending by businesses on replenishing their stocks was the main factor behind the slight upward revision to GDP. Consumers boosted their spending at a 2.4 percent pace. That was down from a 2.8 percent growth rate previously estimated. Even so, consumers increased their spending at the fastest pace in four years. The slight downward revision reflected less spending on health care and financial services than previously estimated. More recent reports from retailers, however, show that shoppers are spending at a greater rate in the final months of the year. Companies are discounting merchandise to lure shoppers. A price gauge tied to the GDP report showed that prices – excluding food and energy – rose at a 0.5 percent pace in the third quarter, the slowest quarterly pace on records going back to 1959. Americans have more reasons to be confident. Stock prices are rising, helping Americans regain vast losses in wealth suffered during the recession. Job insecurity remains a problem, but the hiring market is slowly improving. And loans aren’t as difficult to obtain for those with solid credit histories. Even with the improvements, though, consumers are showing some restraint. In the past, lavish spending by consumers propelled the economy to grow at a rapid pace. After the 1981-1982 recession, the economy expanded at a 9.3 percent clip. Consumers increased their spending at an 8.2 percent pace. Consumers have yet to display that level of confidence in the economy. While hiring is improving, employers still aren’t adding enough jobs to lower the unemployment rate. Even with stronger economic growth anticipated for next year, analysts predict it will still take until near the end of this decade to drop unemployment back down to a more normal 5.5 percent to 6 percent level. The government’s estimate of GDP in the July-September quarter was its third and final one. The government makes a total of three estimates for any given quarter. Each new reading is based on more complete information. GDP measures the value of all goods and services – from machinery to manicures – produced within the United States.

Read the full article →

enVie Interactive Appoints Stacey Hirata as the New Company President

December 22, 2010

New President Selected to Further Enhance the User Experience for VIE: Virtual Island of Entertainment, a New Virtual World Game That Offers the Utmost in Luxury, Style and Ambiance

Read the full article →

Bank Of America Buys Up Nasty Domain Names In Defensive Move

December 22, 2010

Corporate Executives often pursue multiple strategies when it comes to maximizing shareholder value. Sometimes they try to provide the public with products of real worth. Sometimes they deploy complicated accounting schemes to create fictitious value. And sometimes, they just try to keep people from calling them nasty names on the Internet. Beseiged by allegations of rampant fraud, Bank of America appears to be making a big push on strategy number three. The company seems to be buying up scores of domain names that portray the financial behemoth and CEO Brian Moynihan in a negative light. Want to start a website slamming Moynihan? Too bad! URL addresses like “BrianMoynihanSucks.com” and “BrianMoynihanBlows.com” are already gone. According to a Monday report by Domain Name Wire , a company that frequently purchases domain names for large company has snapped up “hundreds” of URL addresses that are critical of Moynihan, BofA CFO Charles Noski and members of the bank’s board of directors. In addition to allegations that it has committed widespread fraud in the foreclosure process, Bank of America will be the subject of a new release of sensitive documents by international muckraking clearinghouse WikiLeaks in January. One Bank of America mortgage borrower has even claimed that the company broke into her home and stole the ashes of her deceased husband . BofA wouldn’t be the first megabank to make a big stink about domain names instead of, say, addressing real problems. Back in 2009, Wall Street titan Goldman Sachs attempted to shut down ” www.GoldmanSachs666.com ” after the site became a hotspot for criticism directed at the investment bank. Somehow, people managed to keep disparaging the company. As I recall, it had something to do with fraud allegations and big bonuses.

Read the full article →

Bank Of America Buys Up Nasty Domain Names In Defensive Move

December 22, 2010

Corporate Executives often pursue multiple strategies when it comes to maximizing shareholder value. Sometimes they try to provide the public with products of real worth. Sometimes they deploy complicated accounting schemes to create fictitious value. And sometimes, they just try to keep people from calling them nasty names on the Internet. Beseiged by allegations of rampant fraud, Bank of America appears to be making a big push on strategy number three. The company seems to be buying up scores of domain names that portray the financial behemoth and CEO Brian Moynihan in a negative light. Want to start a website slamming Moynihan? Too bad! URL addresses like “BrianMoynihanSucks.com” and “BrianMoynihanBlows.com” are already gone. According to a Monday report by Domain Name Wire , a company that frequently purchases domain names for large company has snapped up “hundreds” of URL addresses that are critical of Moynihan, BofA CFO Charles Noski and members of the bank’s board of directors. In addition to allegations that it has committed widespread fraud in the foreclosure process, Bank of America will be the subject of a new release of sensitive documents by international muckraking clearinghouse WikiLeaks in January. One Bank of America mortgage borrower has even claimed that the company broke into her home and stole the ashes of her deceased husband . BofA wouldn’t be the first megabank to make a big stink about domain names instead of, say, addressing real problems. Back in 2009, Wall Street titan Goldman Sachs attempted to shut down ” www.GoldmanSachs666.com ” after the site became a hotspot for criticism directed at the investment bank. Somehow, people managed to keep disparaging the company. As I recall, it had something to do with fraud allegations and big bonuses.

Read the full article →

Amergence Group Sub — PanPacific International — Announces Its New Director and Chairman

December 22, 2010

Mr. Iman Soemargo, the original founder of PanPacific Business Ltd in Hong Kong, is named Chairman of the new PanPacific International

Read the full article →

The Joint Commission Taps Dr. Ana Pujols-McKee as CMO

December 22, 2010

OAKBROOK TERRACE, IL–(Marketwire – December 22, 2010) – The Joint Commission today announced the appointment of Ana Pujols-McKee, M.D., as executive vice president and chief medical officer, effective February 14, 2011.

Read the full article →

Smart Card Alliance Identity Council Announces New Officers, Plans for Educational Resources on Trusted Identities

December 22, 2010

PRINCETON JUNCTION, NJ–(Marketwire – December 22, 2010) – Guiding the creation of strong identity management foundations for citizen and government identity programs is the focus for the coming year, the Smart Card Alliance Identity Council said recently. The Identity Council also announced new officers and a steering committee, and recently held a workshop on the Personal Identity Verification (PIV) Interoperable (PIV-I) card at its 9th Annual Smart Cards in Government: Identity, Security & Healthcare Conference in November in Washington D.C. 

Read the full article →

US Farms, Inc. Announces Hiring of Senior Project Manager

December 22, 2010

SAN DIEGO, CA–(Marketwire – December 22, 2010) – US Farms, Inc. ( PINKSHEETS : USFM ) today announced that it has hired Mr. David Jacobs as Senior Level Executive with expertise in business development, marketing, strategic client development, and project delivery spanning over 13 years. Mr. Jacobs is an accomplished graphic artist with an objective eye for retail and direct marketing response, able to construct cohesive teams, interface with trade agencies, and maintain timelines for project and sales completions.

Read the full article →

Magnum Hunter Resources Elects Former Railroad Commissioner Victor G. Carrillo to Board of Directors

December 22, 2010

HOUSTON, TX–(Marketwire – December 22, 2010) – Magnum Hunter Resources Corporation ( NYSE Amex : MHR ) ( NYSE Amex : MHR-PC ) (“Magnum Hunter,” or the “Company”) announced today the election of the Honorable Victor G. Carrillo, former Chairman of the Texas Railroad Commission, to the Company’s Board of Directors, effective January 5, 2011. Mr. Carrillo will serve and qualify as an independent director. With the election of Mr. Carrillo, the Magnum Hunter Resources Board of Directors will be comprised of 9 members. Mr. Carrillo will be replacing Wayne P. Hall on the Company’s Board of Directors. Mr. Hall is a Company founder, former Chairman and CEO, and has served as Magnum Hunter’s Vice Chairman since May 2009. Mr. Hall has elected to retire as of December 31, 2010.

Read the full article →

Gulf United Energy Announces Appointment of Executive Officers

December 22, 2010

Expanded Management Team Has Extensive Experience in Colombia and Peru

Read the full article →

Tongxin International Ltd. Announces New Appointments to Global Management Team

December 22, 2010

CHANGSHA, CHINA–(Marketwire – December 22, 2010) – Tongxin International Ltd., ( PINKSHEETS : TXIC ), a China-based manufacturer of engineered vehicle body structures (“EVBS”) and stamped parts for the commercial automotive industry, today announced the appointment of Arthur Tu as Vice President of Finance of its China Operations and Tom Chang as Vice President of Finance of its North America Operations. 

Read the full article →

American Eagle Outfitters to open retail stores in Japan

December 22, 2010

American Eagle Outfitters to open retail stores in Japan

Read the full article →

American Eagle Outfitters to open retail stores in Japan

December 22, 2010

American Eagle Outfitters to open retail stores in Japan

Read the full article →

US- Hilton Worldwide signs multi-year agreement with TCS

December 22, 2010

US- Hilton Worldwide signs multi-year agreement with TCS

Read the full article →

German consumer confidence falls

December 22, 2010

German consumer confidence falls

Read the full article →

German consumer confidence falls

December 22, 2010

German consumer confidence falls

Read the full article →

Japan posts 9.1% exports growth in November

December 22, 2010

Japan posts 9.1% exports growth in November

Read the full article →

Japan posts 9.1% exports growth in November

December 22, 2010

Japan posts 9.1% exports growth in November

Read the full article →

Japan’s Mitsui to invest $1.2b in its Robe River JV

December 22, 2010

Japan’s Mitsui to invest $1.2b in its Robe River JV

Read the full article →

Japan’s Mitsui to invest $1.2b in its Robe River JV

December 22, 2010

Japan’s Mitsui to invest $1.2b in its Robe River JV

Read the full article →

US- FieldPoint Petroleum reports increase in borrowing base

December 22, 2010

US- FieldPoint Petroleum reports increase in borrowing base

Read the full article →

US- FieldPoint Petroleum reports increase in borrowing base

December 22, 2010

US- FieldPoint Petroleum reports increase in borrowing base

Read the full article →

US- Heartbeat International Foundation and BIOTRONIK

December 22, 2010

US- Heartbeat International Foundation and BIOTRONIK

Read the full article →

US- Heartbeat International Foundation and BIOTRONIK

December 22, 2010

US- Heartbeat International Foundation and BIOTRONIK

Read the full article →

More award-winning GE powerhaul locomotives ship to UK

December 22, 2010

More award-winning GE powerhaul locomotives ship to UK

Read the full article →

A.M. Best revises outlook to positive for Hyundai Insurance (China)

December 22, 2010

A.M. Best revises outlook to positive for Hyundai Insurance (China)

Read the full article →